ISLAMABAD: The Customs Dry Port Islamabad received an extra revenue of Rs4.00million as Customs Duty during 27 days of December Financial Year 2017-18 against an assigned revenue collection target for the month of December.
According to details explained by Tahir Iqbal Khattak, Deputy Collector Islamabad Dry Port, while talking with Customs Today that, during the month of December Fiscal Year (FY) 2017-18, Customs Collectorate Islamabad was earmarked a revenue target of Rs303.00million of Customs Duty (CD) for 31 days of December FY17-18 whereas the IDP earned Rs307.00million under the same head during 27 days of current month.
The IDP suffered a loss of Rs04million against an allocated revenue collection target of CD for 21 days of December FY2017-18. He added that, during said period, the IDP collected Rs152million as CD while it was earmarked Rs156million of CD for the same period. During first 20 days of December FY17-18, the IDP showed 97% growth against an assigned proportional revenue collection target for 20 days of FY17-18.
Tahir resolved that by the end of 2nd Quarter (October to December) FY17-18, IDP will collect more revenue by reaching the surplus amount of Rs340.00million. He further said that IDP has already surpassed its allocated revenue targets during corresponding months of of FY17-18. The IDP will not only achieve its earmarked revenue target for 2nd Quarter FY17-18 but it will also generate a surplus revenue under all the heads.
